The Italy-based asset management house has added a SICAV fund to its offering.

Generali Investments has launched its GIS Global Multi-Asset Income sub-fund, targeting investors seeking a diversified, multi-asset portfolio with the long-term aim of stable income, the European asset manager said last week.

The European asset management industry has seen a significant increase in multi-asset strategies since the 2008 financial crisis, Generali Investments said in a statement, adding that these strategies respond to investors' concerns about protection in falling markets and achieving positive returns regardless of market direction. 

Managed by Generali Investments' multi-asset team headed by Cedric Baron, the sub-fund will allocate globally across different asset classes with attractive yields, the firm said. It relies on a thesis that income generation can be separated from the allocation process, and tactical asset allocation plays a “central role in delivering sound returns,” Generali Investments said. 

Income is generated through dividends, coupons and option premiums, with a target income distribution of 4 per cent per annum. Income distribution is available on a quarterly basis. 

“With yields at an all-time low and volatility back on the agenda, our clients are increasingly asking for sound investment strategies capable of delivering returns without concentrating market risks in one single asset class. Leveraging on a robust asset allocation process and on the strong expertise of our macro-research and fixed income teams, the GIS Global Multi Asset Income provides the necessary flexibility to benefit from attractive opportunities in different asset classes, without taking unwanted and unneeded concentration risks,” said Santo Borsellino, chief executive of Generali Investments.